Annual contract negotiations for container shipping freight rates between Asia and North Europe are “progressing well”, according to one carrier source.
Some early deals have been done showing a 10% mark-up on current rates.
Meanwhile, spot rates remained stable this week, with the Asia-North Europe component of the Shanghai Containerized Freight Index (SCFI) ticking up 3% to $751 per teu.
And spot rates for Mediterranean ports were virtually unchanged, at $600 per teu.
Carriers have …

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Source: The Loadstar